ABSTRACT
This study critically analyzes
the role of external auditors in selected quoted company in Nigeria. Firstly I
covered the roles, objectives, duties, and functions of an auditor as well as
those standards and lay down principles that needed to be carried out by such
external auditors in an organization. Secondly it covers the auditors
mismanagement and misappropriation of fund and inability to detect fraudulent
dealings in the internal control system as well as the financial statement and
records thereby rendering such company financially bankrupt and unstable.
Lastly it covers the various method that the auditor need to adapt thereby
promoting a high level of integrity and prestige in its various professional
assignment and principle which enable the auditor to carry out its auditor work
effectively and efficiently. The analysis was drawn from the Cadbury Nigeria
Plc which has its head office situated at lateef Jakande road Agidingbi Ikeja
Lagos. The concept of this work centers majorly on the auditors lack of trust,
incredibility and unwillingness in detecting fraudulent actions and behaviors
quickly, in an organization as well as the financial statement and record of
the company which to company to huge amount of debt in which prospective
investors, prominent shareholders are badly affected. Questionnaire was the
main instrument used: chi -square method of statistical analysis was used in
determining the relationship between the variables. The findings revealed some
salient points which contributed greatly to fraudulent dealings among auditor,
accountants and staff s in such organization which include the external auditor
actualizing the essence of corporate governance, the adherence of internal
control system can both checkmate intended management fraud and fraudulent
detection is primary responsibility of management and not of external auditor.
That the existence of principle of corporate governance in an organization can
enhance the efficiency of performance of the organization profit ability.
ABIAZIE, C (2021). Role Of External Auditors In Selected Quoted Company In Nigeria (A Case Study Of Cadbury Company Nigeria PLC Lagos).. Mouau.afribary.org: Retrieved Nov 27, 2024, from https://repository.mouau.edu.ng/work/view/role-of-external-auditors-in-selected-quoted-company-in-nigeria-a-case-study-of-cadbury-company-nigeria-plc-lagos-7-2
CHUKWUKERE, ABIAZIE. "Role Of External Auditors In Selected Quoted Company In Nigeria (A Case Study Of Cadbury Company Nigeria PLC Lagos)." Mouau.afribary.org. Mouau.afribary.org, 28 Jul. 2021, https://repository.mouau.edu.ng/work/view/role-of-external-auditors-in-selected-quoted-company-in-nigeria-a-case-study-of-cadbury-company-nigeria-plc-lagos-7-2. Accessed 27 Nov. 2024.
CHUKWUKERE, ABIAZIE. "Role Of External Auditors In Selected Quoted Company In Nigeria (A Case Study Of Cadbury Company Nigeria PLC Lagos).". Mouau.afribary.org, Mouau.afribary.org, 28 Jul. 2021. Web. 27 Nov. 2024. < https://repository.mouau.edu.ng/work/view/role-of-external-auditors-in-selected-quoted-company-in-nigeria-a-case-study-of-cadbury-company-nigeria-plc-lagos-7-2 >.
CHUKWUKERE, ABIAZIE. "Role Of External Auditors In Selected Quoted Company In Nigeria (A Case Study Of Cadbury Company Nigeria PLC Lagos)." Mouau.afribary.org (2021). Accessed 27 Nov. 2024. https://repository.mouau.edu.ng/work/view/role-of-external-auditors-in-selected-quoted-company-in-nigeria-a-case-study-of-cadbury-company-nigeria-plc-lagos-7-2